Luxury carmaker Bayerische Motoren Werke (BMW) has set out the terms for an $8 billion credit line, Bloomberg reports. The company appointed BNP Paribas, Citigroup, Deutsche Bank and UniCredit as coordinators for the deal. The five-year revolving facility can be extended a maximum of two additional years. The biggest luxury carmaker’s new credit line will renew an $8 billion financing signed in November 2005.
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